ABC Corporation uses the services of professional benefits vendors to administer their benefits. What is this practice a form of?

Question

Quizplus · Accepted Answer

Outsourcing is the practice of hiring external organizations to perform services or create goods that traditionally were performed in-house by the company's own employees and staff. In this case, ABC Corporation is outsourcing its benefits administration to professional benefits vendors.

ABC Corporation Uses the Services of Professional Benefits Vendors to Administer